A H Field (Developers) Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 00521322

Abbreviated Unaudited Accounts

for the Year Ended 31 December 2015

for

A H Field (Developers) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

7

DIRECTORS:

G A Hirschfield

M S Hirschfield

N P Roberts

D McNutt

SECRETARY:

G A Hirschfield

REGISTERED OFFICE:

Pinnacle House

8 Harborne Road

Edgbaston

Birmingham

West Midlands

B15 3AA

REGISTERED NUMBER:

00521322

ACCOUNTANTS:

Tomkinson Teal Limited

Hanover Court

5 Queen Street

Lichfield

Staffordshire

WS13 6QD

FIXED ASSETS

Tangible assets

2

76,949

48,904

Investments

3

1,915,853

2,040,333

Investment property

4

5,191,837

5,603,222

7,184,639

7,692,459

CURRENT ASSETS

Debtors

2,625,725

2,185,428

Cash at bank

198,914

206,358

2,824,639

2,391,786

CREDITORS

Amounts falling due within one year

5

(394,827

)

(440,195

)

NET CURRENT ASSETS

2,429,812

1,951,591

TOTAL ASSETS LESS CURRENT LIABILITIES

9,614,451

9,644,050

CREDITORS

Amounts falling due after more than one year

5

(2,406,196

)

(2,618,328

)

NET ASSETS

7,208,255

7,025,722

CAPITAL AND RESERVES

Called up share capital

6

150

150

Revaluation reserve

2,684,684

2,955,074

Profit and loss account

4,523,421

4,070,498

SHAREHOLDERS' FUNDS

7,208,255

7,025,722

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 23 June 2016 and were signed on its behalf by:

N P Roberts - Director

M S Hirschfield - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January

2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

20% on cost

Motor vehicles

-

20% on cost

Investment property

Certain of the company's properties are held for long term investment at their carrying value, assessed for

impairment or revaluation annually by the directors according to their knowledge and experience of the

properties, their location and general economic and commercial factors.

Investment properties are accounted for in accordance with FRSSE, as follows:

(i) No depreciation is provided in respect of investment properties and they are revalued annually. The

surplus or deficit on revaluation is transferred to the revaluation reserve unless a deficit below original

cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is

recognised in the profit and loss account for the year, and

(ii) No depreciation is provided in respect of leasehold investment properties where the lease has over 20

years to run.

The treatment as regards to the company's investment properties may be a departure form the requirements of the

Companies Act concerning the depreciation of fixed assets. However, these properties are not held for

consumption but for investment and the directors consider that systematic annual depreciation would be

inappropriate. The accounting policy adopted is therefore necessary for the financial statements to give a true

and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the

amount which might otherwise have been shown cannot be separately identified or quantified.

Fixed asset investments

Fixed asset investments are carried at market value. Where the market value is not readily available, the board

estimates market value. Upward revaluations of investments are reported in the Statement of Total Recognised

Gains and Losses (STRGL) and credited to an investment revaluation reserve. Diminutions in value are

recognised in the STRGL until the investment revaluation reserve in respect of that asset no longer exists.

Permanent diminutions in value or impairments of fixed asset investments are recognised in the Profit and Loss

Account. Reversals of diminution in value are recognised in the Profit and Loss Account to the extent of the

previously recognised diminution in value.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of

certain items for taxation and accounting purposes, which have arisen but not reversed at the balance sheet date,

except as required by the FRSSE.

Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are

expected to reverse, based on the tax rates and law enacted at the balance sheet date.

No depreciation has been made for deferred tax in respect of the revaluation on investment properties where no

binding agreements to sell the properties have been entered into at the balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

259,922

Additions

55,246

Disposals

(1,142

)

At 31 December 2015

314,026

DEPRECIATION

At 1 January 2015

211,018

Charge for year

27,201

Eliminated on disposal

(1,142

)

At 31 December 2015

237,077

NET BOOK VALUE

At 31 December 2015

76,949

At 31 December 2014

48,904

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST OR VALUATION

At 1 January 2015

2,040,333

Disposals

(100,420

)

Revaluations

(24,060

)

At 31 December 2015

1,915,853

NET BOOK VALUE

At 31 December 2015

1,915,853

At 31 December 2014

2,040,333

4.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 January 2015

5,603,222

Additions

28,615

Disposals

(440,000

)

At 31 December 2015

5,191,837

NET BOOK VALUE

At 31 December 2015

5,191,837

At 31 December 2014

5,603,222

5.

CREDITORS

Creditors include an amount of £ 2,451,363 (2014 - £ 2,699,454 ) for which security has been given.

They also include the following debts falling due in more than five years:

2015

2014

£

£

Repayable by instalments

-

2,294,824

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

150

Ordinary

£1

150

150

7.	RELATED PARTY DISCLOSURES

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to six) have

been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of A H Field (Developers) Limited for the year ended 31 December 2015 which comprise the Profit

and Loss Account, the Balance Sheet, the Statement of Total Recognised Gains and Losses and the related notes from

the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of A H Field (Developers) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of A H Field (Developers) Limited and state those matters that we have agreed to state to the Board of Directors of A H Field (Developers) Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that A H Field (Developers) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of A H Field (Developers) Limited. You consider that A H Field (Developers) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of A H Field (Developers) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Tomkinson Teal Limited

Hanover Court

5 Queen Street

Lichfield

Staffordshire

WS13 6QD

23 June 2016